Where are we going with tech? Do you buy dips? How do you know what's worth buying?
Lizzie Burton
Seema Shah
The narrative for AI has become much more complicated. A year ago it was buy everything in tech. Now there are questions about AI capex creating winners and losers, and AI disruption within sectors.
Where do you see opportunities around the world in tech?
Lizzie Burton
Seema Shah
Asia is a clear one with less exposure to software than the US, valuations are cheaper, and there's continued interest looking across other parts of the world.
If we have weak hiring, weak spending, and high inflation, does the selloff on the stock market continue?
Lizzie Burton
Seema Shah
That would be tough because the S&P 500 hasn't moved much while equal weight reached record highs due to rotation away from tech to other parts of the market.
How much volatility will Kevin Warsh's potential Fed-Treasury relationship changes create in the bond market?
Lizzie Burton
Seema Shah
There's a lot of potential for volatility, but assuming he'll be a pragmatist who doesn't want to create bond market volatility or lose international interest in US Treasuries.
Does China directing banks to trim Treasury holdings add to international nervousness about US assets?
Lizzie Burton
Seema Shah
This reinforces a narrative already underway since early last year about concerns over US geopolitics and fiscal path.
Will we continue to see volatility in UK politics all the way to local elections and beyond?
Lizzie Burton
Seema Shah
That's really likely. It's a shame because there are good opportunities from a macro conditions basis with Bank of England easing raising potential for domestic UK opportunities.